AMZN Reaches Target, Now Vulnerable to Correction

AMZN-- based on my ongoing pattern and momentum work, AMZN appears to me to have satisfied its upside target zone at 1135/40 discussed during our previous updates, and also appears to be increasingly vulnerable to a meaningful correction, especially if AMZN breaks and sustains beneath 1120-1116, which will trigger initial projections to 1080 and then to 1060...

11 15 17 AMZN GIF
11 15 17 AMZN GIF

  • Action-Oriented Trade Set-Ups in Stocks & ETFs
  • Macro Analysis of the Broader Markets
  • Detailed Technical Guidance for each Trading Idea
  • Live Interaction w/ Mike & Our Member Community
  • And Much, Much More!
Join Now! - Special Offer!
Veteran Wall Street analyst and financial author, Mike provides detailed and timely analysis and trade set-ups on a range of markets. Read more...

Have Mike's “Out Front” morning analysis delivered FREE to your email inbox twice weekly!